10 Most Promising Legal Technology Solution Providers - 2018

In today’s Digital era, almost every industry is utilizing technology to maximize their productivity and the legal market is no exception to this norm. According to research reports, corporate law firms today spend almost USD 1.5 billion annually on legal software with the total market being valued at USD 9.4 billion. These firms are increasingly embracing legal software to better coordinate communication, streamline entire legal workflows and thereby increase the time to focus on core legal issues. Moreover, the availability of individualized and packaged software solutions, as well as Cloudbased applications, allows legal enterprises to address a myriad of business issues, including the needs of small, medium and large law firms and in-house counsel teams.

However, even with these developments, the legal industry still faces unique challenges when it comes to incorporating these technologies into its practices and simultaneously maintaining data privacy and security. Law firms also grapple with organizational barriers and resistance from lawyers which further hamper the process of introducing innovations into legal practices. As a result, the legal market today is in need of solution partners to not only help them overcome these challenges but to also effectively leverage the benefits of legal software to align with their business needs.

Perfectly understanding these demands of the industry, CIOReview offers assistance with a list of “10 Most Promising Legal Technology Solution Providers.” This catalog encompasses a set of skilled new-age vendors that have translated their acquired expertise into successful technology deliveries. Being closely scrutinized by a distinguished panel of judges including CEOs, CIOs, CXOs, analysts and CIOReview editorial board, we believe that these companies have the technical skill sets and business acumen to deliver more innovations to the legal market and support the growth of this segment.